Fisher Asset Management LLC Lowers Stock Holdings in Honda Motor Co., Ltd. $HMC

Fisher Asset Management LLC reduced its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,532,249 shares of the company’s stock after selling 40,256 shares during the quarter. Fisher Asset Management LLC owned 0.67% of Honda Motor worth $310,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Honda Motor by 189.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 344,038 shares of the company’s stock valued at $10,596,000 after purchasing an additional 225,140 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Honda Motor by 28.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 512,054 shares of the company’s stock valued at $15,771,000 after purchasing an additional 113,347 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Honda Motor in the 3rd quarter valued at approximately $1,891,000. Equity Investment Corp grew its stake in shares of Honda Motor by 1.4% in the 3rd quarter. Equity Investment Corp now owns 2,274,239 shares of the company’s stock valued at $70,047,000 after purchasing an additional 30,712 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Honda Motor by 126.0% in the 4th quarter. UBS Group AG now owns 397,086 shares of the company’s stock valued at $11,706,000 after purchasing an additional 221,392 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Trading Down 0.0%

Shares of HMC stock opened at $26.47 on Tuesday. The business’s fifty day moving average price is $24.70 and its 200 day moving average price is $28.16. Honda Motor Co., Ltd. has a 1-year low of $23.25 and a 1-year high of $34.89. The firm has a market capitalization of $41.31 billion, a PE ratio of -13.86, a P/E/G ratio of 21.11 and a beta of 0.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.09.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.The firm had revenue of $36.81 billion for the quarter, compared to analyst estimates of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HMC shares. Zacks Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Weiss Ratings downgraded Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. BNP Paribas Exane initiated coverage on Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price objective on the stock. Finally, Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $25.00.

About Honda Motor

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.